Women in India earn 20% less than men: Report

Thursday, March 08, 2018

Women in India earn 20% less than men, indicating that gender plays an important parameter while determining salaries in India, says a report. According to the latest 'Monster Salary Index' (MSI), men earned a median gross hourly salary of Rs 231, compared to women, who earned only Rs 184.8.

"The overall gender pay gap of 20% is still a daunting number," said Abhijeet Mukherjee, CEO, Monster.Com - APAC & Gulf. Though on a year-on-year basis, the gender pay gap has narrowed by about five percentage points from 24.8% in 2016, the report said gender pay gap widens as one gains in work experience.

As per the report, men with 0-2 years of experience, earned 7.8% higher median wages than women, and those with 6-10 years of experience earned 15.3% more. Men with 11 and more years of experience earned 25% higher median wages than women, it added.

However, there is a marginally inverted pay gap in the experience group of 3-5 years, where women are earning more. Monster Salary Index (MSI) is an initiative by Monster India in collaboration with Paycheck.In (managed by WageIndicator Foundation) and IIM-Ahmedabad as a research partner.

The analysis is based on the WageIndicator data-set covering the period of 3 years, from January 2015 to December 2017. Monster.Com also carried out a Women of India Inc survey, capturing responses of about 5,500 working men/women. As per the survey, a majority of respondents (69%) said gender parity needs to be a top priority for organisations as only 10% organisations have a robust gender diversity programme.

About 36% respondents said there is a need for India Inc to step up and implement pragmatic policies to bridge the pay gap, it added.

Aries (Mar 21 - Apr 20)Old, fond memories will define your mood today, which will show up in the manner in which you deal with work, where your mellow side will be visible to others. You are also circumspect with money and tend towards saving it. Ganesha says people dealing in cash and money-lenders will benefit.